(১১৬২) Share Market Scam ঃ Ruling party MPs blast Muhith

Tuesday, May 24, 2011 Unknown
Finance Minister AMA Muhith on Monday came under fire from the ruling party lawmakers in parliament for the government’s inaction to punish the manipulators of the share market.

Criticising the finance minister, Sheikh Fazlul Karim Selim MP said none can play with the fate of 3.3 million small investors.

"A total of 3.3 million people are involved in the share market. Most of them have lost everything due to the share market crash," he told the House, adding that several companies swindled Tk 500 crore by overvaluing the shares.

He took the floor mainly after Muhith in the question-answer hour told the House that the government had nothing to do with the share market scam probe report before the upcoming national budget.

He demanded that the minister must take action against the ruling party leaders who were identified as masterminds behind the share market scam in the probe report prepared by Khondker Ibrahim Khaled.

Selim, however, observed that some Awami League leaders may have been involved in the scandal to tarnish the image of the ruling party.

The ruling party lawmaker said the small investors had got a sense of relief as following formation of the probe body headed by Ibrahim Khaled which identified some masterminds of the share market scam.

"But no action has yet been taken against the manipulators. Rather, cases have been filed against the probe body head," he said.

Selim, also an Awami League Presidium member, criticised the government decision to set up close circuit cameras around Dhaka Stock Exchange to monitor the activities of the small investors instead of punishing the culprits, and making TIN mandatory for the investors.

Suranjit Sengupta MP echoed Selim and suggested that the finance minister look for the ghosts in mustard hinting at the persons inside the government.

Jatiya Party MP Mujib-ul-Hauqe Chunnu and independent lawmaker Fazlul Azim supported Selim during an unscheduled discussion. They also demanded that Muhith clarify the government stand on the share market.

In reply, the finance minister thanked the lawmakers and told the House that a vested quarter was active to destabilise the share market.

He said the quarter made the capital market crashed in the last two days spreading a rumor that the government would slap tax on share market transaction and make TIN mandatory for the

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